Opening the week, industry strategic consultancy Regulus Partners provides an Irish overview, assessing whether the government can reform its newly sanctioned betting tax scheme by forming a level playing field for its incumbents. ________________ The Irish government is reportedly considering changes to its betting duty regime in light of the evidence of the first six months of doubling the rate …
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Seeking to protect smaller industry incumbents, the Irish Ministry of Finance is reported to be considering removing tax duties on bookmakers who generate a turnover below the €2.5 million a year mark. The Irish Times reports that Finance Minister Paschal Donohue is prepared to listen to the concerns presented by the Irish Bookmakers Association (IBA) with regards to taxation and …
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As the UK retail betting scene contracts, Irish independent bookmaker Boylesports is fulfiling its long-term corporate ambition of entering the market with the acquisition of Midlands bookmaker Wilf Gilbert. Ireland’s second largest betting firm has agreed to acquire UK independent bookmaker Wilf Gilbert’s thirteen retail betting properties, however the two firms are keeping mum on the money involved, only citing an ‘undisclosed sum’ . …
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Expanding its regulated markets profile, online gambling firm The Mansion Group (Mansion) has confirmed that it has secured Irish licences for its flagship sportsbook property of MansionBet and casino verticals MansionCasino, Slots Heaven, Casino.com. The announcement sees Gibraltar based Mansion commit to launching its full online gambling portfolio for the soon to be re-regulated Irish online gambling marketplace. Long overdue …
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The European Gaming & Betting Association (EGBA) has backed a proposal from Irish Minister David Stanton to establish an independent regulator by 2020 to govern a reformed Irish gambling sector. Stanton seeks to establish an independent regulator as part of Ireland revamping its national gambling regulatory framework, introducing the mandate of the amended ‘Gaming & Lotteries Bill 2019’. “EGBA welcomes …
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The Football Association of Ireland (FAI) are set to investigate this weekend’s League of Ireland First Division match between Cobh Ramblers vs Limerick FC in relation to suspicious betting. A 3-2 victory for underdogs Limerick has been placed under scrutiny with regards to betting activity witnessed on a market that is reported to have attracted ‘significant volume’ for an encounter that …
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Premier Lotteries Ireland, the operating company of the Irish National Lottery, has confirmed the appointment of Andrew Algeo as inbound Chief Executive. The update sees, Premier Lotteries end its executive search to find Dermot Griffin’s replacement, who at the start of 2019, announced that he would end his 14-year tenure a leader of the company. Algeo is expected to takeover leadership …
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Addressing Irish Parliament last week, David Stanton Fine Gael MP detailed to a Justice Committee his frustrations at delays in introducing new gambling laws to Ireland. Although the Irish government has approved the mandate of the Gaming & Lotteries (Amendment) Bill, which will establish a new independent regulator monitoring the Irish gambling industry – Stanton maintains that Ireland has been hurt …
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The Irish Independent has this weekend reported that the Dáil Éireann will move to present a two-tiered betting tax plan to the European Commission for EU-wide regulatory approval. Following extensive industry consultations, the Irish government is reported to be dropping its formerly approved ‘2% turnover betting tax’, moving towards a more favourable dual tax system differentiating between retail and digital …
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A key week for Irish gambling sees the Dáil confirm that a new gambling regulatory authority will be formed, tasked with monitoring and regulating all components of Irish online and retail gambling/betting. The new authority will act as an independent body reporting to Ireland’s Department of Justice, in which Its formation forms the key directive of a report submitted by …
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